Acquiring Return-To-Vendor (RTV) Inventory Creates Best Possible Recovery for Secured Creditor
The secured creditor of a national consumer electronics distributor sought a buyer for its collateral via a UCC Article 9 sale process. The inventory included both first quality finished goods as well as uninspected customer returns of electronic bikes and scooters, computer monitors, and various other consumer products.
Hyper Group quickly assessed the inventory and made an offer to purchase and remove it from the Company’s warehouse. Within 15 days of signing a purchase agreement and passage of the secured creditor’s UCC Article 9 notice period, Hyper Group funded the acquisition and removed all inventory from the warehouse. The inventory was subsequently received in our affiliate’s warehouse, refurbished as needed, and resold via multiple e-commerce, retail, and wholesale channels.
Hyper Group stepped up and quickly provided a monetization solution for the secured creditor in a time sensitive situation. We were able to see value in the customer return inventory and meet strict landlord timelines when others were not.
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